Richmond Mutual Bancorporation, Inc. Common Stock (RMBI) Correlation Distribution
Across 6,805 rolling correlation observations between Richmond Mutual Bancorporation, Inc. Common Stock (RMBI) and other NASDAQ-listed stocks, 75.3% are positive and 24.7% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.267, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 10.4% and strong negative correlations (≤−0.7) for 1.5%.
- Total observations
- 6,805
- Mean correlation
- 0.267
- Most common range
- 0.5 to 0.6
- Positive pairs
- 75.3%
- Strong positive (≥0.7)
- 10.4%
- Sector
- State Commercial Banks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 50 | 0.7% | |
| -0.8 to -0.7 | 50 | 0.7% | |
| -0.7 to -0.6 | 92 | 1.4% | |
| -0.6 to -0.5 | 92 | 1.4% | |
| -0.5 to -0.4 | 159 | 2.3% | |
| -0.4 to -0.3 | 158 | 2.3% | |
| -0.3 to -0.2 | 325 | 4.8% | |
| -0.2 to -0.1 | 325 | 4.8% | |
| -0.1 to 0.0 | 431 | 6.3% | |
| 0.0 to 0.1 | 430 | 6.3% | |
| 0.1 to 0.2 | 522 | 7.7% | |
| 0.2 to 0.3 | 522 | 7.7% | |
| 0.3 to 0.4 | 700 | 10.3% | |
| 0.4 to 0.5 | 699 | 10.3% | |
| 0.5 to 0.6 | 772 | 11.3% | |
| 0.6 to 0.7 | 772 | 11.3% | |
| 0.7 to 0.8 | 346 | 5.1% | |
| 0.8 to 0.9 | 346 | 5.1% | |
| 0.9 to 1.0 | 14 | 0.2% |
Frequently asked questions
What is the average correlation of RMBI?
Richmond Mutual Bancorporation, Inc. Common Stock (RMBI) has an average correlation of about 0.267 with other NASDAQ stocks, based on 6,805 pairwise observations.
Is RMBI positively correlated with other stocks?
Mostly yes — 75.3% of pairs are positive and 24.7% are negative. Strong positive correlations (≥0.7) make up 10.4%.
What is the most common correlation range for RMBI?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 37.5% of all pairs.
Explore the full interactive correlation distribution for RMBI.
Open interactive dashboard →